[LISTEN] Is SAA R10 billion coming from the PIC?

On Wednesday, Treasury Director General Dondo Mogajane told Parliament’s standing committee on finance the a special appropriations bill will be brought to parliament urgently to provide for R10 billion for South African Airways.

There is speculation that Public Investment Corporation (PIC) will fit the bill.

Ray White standing in for Stephen Grootes spoke to the editor of SA Flyer Magazine , Guy Lietch.

I am afraid we are all up on tenterhooks I see and I see that they are melting down at a rate in anticipation of a raid on the PIC...

Guy Lietch, SA Flyer Magazine

I think that there is definitely smoke and probably fire around the story and I think this is fundamental attack at public servants

Guy Lietch, SA Flyer Magazine

Click on the link below to listen to the full audio...


Recommended

by THE NEWSROOM

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Beleaguered SAA to cut fleet in effort to return to profitability

Beleaguered SAA to cut fleet in effort to return to profitability

Acting CEO Musa Zwane says the airline is expecting to attain a capital injection of R13 billion over three years.

[Watch] Will R10 billion fix SAA asks CapeTalk's John Maytham?

[Watch] Will R10 billion fix SAA asks CapeTalk's John Maytham?

John Maytham

 SAA needs R2.4 billion in working capital to see it through until March 2018

SAA needs R2.4 billion in working capital to see it through until March 2018

Gaye Davis says it has been confirmed that an undisclosed amount is being readied to be handed over to SAA.

Taxpayer? SAA says it needs another R13 billion from you (or profitable Telkom)

Taxpayer? SAA says it needs another R13 billion from you (or profitable Telkom)

The Money Show’s Bruce Whitfield interviews aviation expert and SA Flyer Magazine Editor Guy Leitch.

Sikonathi Mantshantsha wonders why Dudu Myeni seems untouchable

Sikonathi Mantshantsha wonders why Dudu Myeni seems untouchable

The controversial SAA board chair is staying on despite the parastatal becoming increasingly cash strapped under her watch.

Popular articles
"Duduzane Zuma is the Gupta family's greatest asset"

"Duduzane Zuma is the Gupta family's greatest asset"

Sunday Times journo Thanduxolo Jika who broke the front page story about the Gupta family emails vouches for their authenticity.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

‘My worst fear is being 80 years old and poor’ – famed actor Dr. John Kani

‘My worst fear is being 80 years old and poor’ – famed actor Dr. John Kani

"My earliest memory of money is my father saying, ‘Why do you want to do this thing? How are you going to feed the family?'"

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

5 advantages of leasing instead of owning a car (lower monthly payments!)

5 advantages of leasing instead of owning a car (lower monthly payments!)

Want (or need) a new car? Dale Scorer (a wealth manager at AlphaWealth) reckons you should consider leasing.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?